Cairo – Mubasher: Aggregate earnings of 38 Egyptian listed companies for the fourth quarter of 2015 are expected to increase by 56% year-on-year to EGP4.9 billion, but to decline by 8% quarter-on-quarter, according to a report issued by MubasherTrade Research.
Telecom Services & IT, Industrials, Energy & Utilities, Real Estate, Financials and Consumer & Health Care are expected to grow by 297%, 254%, 100%, 33% and 4% YoY, respectively. Telecom Services & IT is the biggest contributor to annual growth. For instance, Telecom Egypt (ETEL.EGX) is expected to record earnings of EGP607 million in Q4 2015 versus EGP236 million in Q4 2014.
Meanwhile, Orascom Telecom Media & Technology (OTMT.EGX) is expected to record earnings of EGP109 million in Q4 2015 compared to losses of EGP424 million in the same period last year. On the other hand, Materials is the only sector that is expected to post lower earnings (-59% YoY), according to the report.
